Report: Ineos mulling sale of PVC plant in Germany, to help gain EU approval of JV with Solvay

11:05 AM MDT | September 11, 2013 | Francinia Protti-Alvarez

Ineos may be considering selling its polyvinyl chloride (PVC) plant at Schkopau, Germany, to gain approval from the European Commission for the previously announced PVC joint venture between Ineos and Solvay, according to press reports. Ineos's PVC plant at Schkopau has a nameplate capacity for 280,000 m.t./year of PVC, according to IHS Chemical data. Reports say the facility could be worth about €60 million ($79.5 million). “We are making good progress in the planned creation of our chlorvinyls joint venture. It is possible that the European...